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DEBT (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Outstanding Exchangeable Note | The following table summarizes some key facts and terms regarding the outstanding Notes as of December 31, 2023:
| Due 2025 |  | Due 2024
Issuance date | August 27, 2020 |  | January 18, 2017
Maturity date | September 15, 2025 |  | January 15, 2024
Effective conversion date | June 15, 2025 |  | September 15, 2023
Principal amount | $460,000 |  | $87,432
Cash coupon rate (per annum) | —% |  | 1.25%
Conversion rate effective (per $1000 principal amount) | 3.34 |  | 12.05
Effective conversion price (per ADS) | $299.19 |  | $82.96
Schedule of Carrying Values | The carrying values of the liability of the Notes are reflected in the Company's accompanying consolidated balance sheets as follows:
| 2020 Notes |  | 2017 Notes
| December 31, |  | December 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Principal | $ | 460,000 |  |  | $ | 460,000 |  |  | $ | 87,432 |  |  | $ | 90,055 |
Conversion option (Level 2) | — |  |  |  |  | 121,922 |  |  | $ | 122,323 |
Less: |  |  |  |  |  |  |
Debt issuance costs, net of amortization | (2,919) |  |  | (4,618) |  |  | (14) |  |  | (335) |
Unamortized discount | — |  |  |  |  | (111) |  |  | (2,751) |
Net liability carrying amount | $ | 457,081 |  |  | $ | 455,382 |  |  | $ | 209,229 |  |  | $ | 209,292 |
Schedule of Liability Interest Expense | Interest expense related to the Notes is reflected on the accompanying consolidated statements of income as follows:
| 2020 Notes | 2017 Notes
| Year Ended December 31, | Year Ended December 31,
| 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021
Amortization of debt issuance costs | $ | 1,699 |  |  | $ | 1,693 |  |  | $ | 1,485 |  |  | $ | 316 |  |  | $ | 303 |  |  | $ | 608 |
Non-cash amortization of debt discount | — |  |  | — |  |  | 6,471 |  |  | 2,600 |  |  | 2,587 |  |  | 5,986 |
Interest expense | — |  |  | — |  |  | — |  |  | 1,101 |  |  | 1,127 |  |  | 1,891 |
Loss in respect of convertible loan extinguishment | — |  |  | — |  |  | — |  |  | 53 |  |  | 1,206 |  |  | 13,969 |
Total interest expense recognized | $ | 1,699 |  |  | $ | 1,693 |  |  | $ | 7,956 |  |  | $ | 4,070 |  |  | $ | 5,223 |  |  | $ | 22,454 |
Effective interest rate | 0.37 | % |  | 0.37 | % |  | 1.87 | % |  | 4.65 | % |  | 4.65 | % |  | 4.68 | %

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